13 ECONOMIC IMPACT As a major regional employer and purchaser of goods and services, TAMIU generates substantial economic value for Webb County. The University’s workforce of 1,778 full-time and part-time employees in FY24, including faculty and staff (Table 1.1), represents a significant source of stable employment and income for county residents. The total payroll at TAMIU was $76.8 million, primarily spent in Webb County on mortgage and rent payments, heatlhcare, groceries, entertainment, and other household expenses. In addition, the University spent $38.3 million on day-to-day expenses related to facilities, supplies, and professional services, $16.4 million in scholarships, and $25.4 million in other expenses. OPERATIONS SPENDING IMPACT TAMIU’s operational activities generated substantial economic benefits for Webb County in FY24. The University’s spending on payroll, benefits, and operations created $176.5 million in added income for the local economy, as detailed in Table 6.1. This total comprises $102.9 million in direct economic impact from University spending, complemented by $73.6 million in indirect and induced effects as this money circulated through the local economy. TABLE 6.1: TAMIU Operations Spending Impact Source: IMPLAN IMPACT EMPLOYMENT LABOR INCOME VALUE ADDED OUTPUT Direct 1,778 $76,831,674 $76,831,674 $102,899,312 Indirect 132 $4,563,057 $8,216,989 $23,049,599 Induced 347 $13,433,692 $26,288,898 $50,589,914 Total IMPACT 2,257 $94,828,423 $111,337,561 $176,538,825 To put this impact in perspective, the $176.5 million in added income supports 2,257 jobs and represents 1.5% of Webb County’s total Gross Regional Product (GRP).
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